Oxford Sustainable Finance Group, Smith School, University of Oxford
6B. Financing NbS: delivering money when and to where it matters
This session will explore different approaches to ensuring different types of finance and financial services enable high-quality NbS projects around the world. We will explore current or potential bottlenecks constraining pipelines of bankable and investable projects and how to overcome them. Innovative and emerging NbS finance mechanisms will be showcased, especially those that seek to blend different funding and investment sources and forge new partnerships between public, private, and community stakeholders. The most effective and appropriate ways of building finance solutions will also be discussed, such as how to plan for and channel finance to empower local communities to deliver on their self-determined needs and priorities, particularly in the global south.
Director, Oxford Sustainable Finance Programme, & Associate Professor, Smith School for Enterprise and the Environment
Dr Ben Caldecott is the founding Director of the Oxford Sustainable Finance Group at the University of Oxford Smith School of Enterprise and the Environment. At the University of Oxford, he is the inaugural Lombard Odier Associate Professor and Senior Research Fellow of Sustainable Finance, the first ever endowed professorship of sustainable finance, and a Supernumerary Fellow at Oriel College, Oxford. Ben is also the founding Director and Principal Investigator of the UK Centre for Greening Finance & Investment (CGFI), established by UK Research and Innovation in 2021 as the national centre to accelerate the adoption and use of climate and environmental data and analytics by financial institutions internationally.
Head of Climate and Environmental Solutions at Lombard Odier Investment Manager
Dr. Lorenzo Bernasconi is Head of Climate and Environmental Solutions at Lombard Odier Investment Managers. Lorenzo brings over two decades of experience in the investment and professional services industry with previous roles at UBS Investment Bank in London, and the Boston Consulting Group in New York and Paris. Lorenzo served as founding Board Chair of Emergent Forest Finance Accelerator, a non-profit intermediary which most recently helped launch the LEAF Coalition, one of the largest ever public-private efforts to protect tropical forests through the voluntary carbon markets. Lorenzo is also a Research Fellow at Stanford University’s Steyer-Taylor Center for Energy Policy and Finance.
Managing Director, ESG & Sustainable Finance at Bank of America
Abyd Karmali is a Managing Director, ESG Advisory at Bank of America based in London. From 2007-2014, he served as Merrill Lynch’s (subsequently BofAML) Global Head of Carbon Markets. In 2014, he became part of the team supporting the bank’s broader capital deployment commitment to mobilise $1.5 trillion in sustainable finance by 2030. He has worked for more than 30 years on climate change and sustainable finance and was made an Officer of the Most Excellent Order of the British Empire (OBE) for these efforts. Before joining the financial sector in 2007, he was a partner in a management consulting firm where he advised companies on their climate strategy.
Chief Executive Officer at Green Finance Institute
Dr. Rhian-Mari Thomas is Chief Executive of the Green Finance Institute, backed by the UK Government and City of London Corporation. Rhian spent 20 years in investment banking and corporate finance and was awarded an OBE for services to green banking. She is an Emeritus Member of TCFD and co-chaired the launch of the TNFD. Rhian sits on numerous advisory groups across UK Government including the Net Zero Expert Group, the Centre for Greening Finance and Investment, and the UK Voluntary Carbon Markets Forum. Rhian was also a commissioner on the Zero Carbon Commission and a member of the Climate Change Committee’s Net Zero Finance Advisory Group.
Dora Nsuwa Cudjoe
Program Coordinator for the Climate Investment Funds
Ms. Dora Cudjoe, is a Senior Operations Officer at the World Bank with over 14 years-experience in natural resources and environment management, and climate resilient development. She joined the World Bank in 2007 and played a key role in establishing the Climate Investment Funds (CIF) in 2008. In 2018, she rejoined the CIF as the Program Coordinator for Stakeholder Engagement where she has been championing inclusive and transparent climate finance governance. Prior to the World Bank and the CIF, she worked with the Global Environment Facility (GEF) Evaluation Office. As an advocate for inclusion, Dora promotes civil society, private sector and Indigenous Peoples participation in CIF governance.